State Data » Florida

Major pension plans in the state

Plan Name Assets (millions) Participants Funded Ratio Percent of ARC Paid Retirement System that Administers the Plan
Florida RS 186,357.4 1,027,328 81.4 100.0 Florida Retirement System
Jacksonville ERS 1,940.4 8,267 53.9 99.7 Jacksonville General Employee Pension Plan
Miami Fire and Police 1,567.7 4,146 54.4 100.0 City of Miami Firefighters and Police Officers Retirement Trust
Jacksonville Police and Fire 2,228.3 5,242 44.7 99.9 Jacksonville Police and Fire
Miami General and Sanitation Employees 875.7 4,134 72.6 100.0 Miami General and Sanitation Employees

Source: Public Plans Database (as of 2023)

Public Cost

Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2023

Fiscal Year FL US
2001 2.0 2.9
2002 1.9 3.0
2003 2.0 3.4
2004 2.2 4.2
2005 2.3 3.8
2006 2.3 3.7
2007 2.8 3.9
2008 2.9 4.2
2009 3.1 4.4
2010 3.3 4.6
2011 4.7 4.9
2012 4.6 5.0
2013 3.3 5.2
2014 3.7 5.6
2015 4.4 5.8
2016 4.1 6.1
2017 3.4 6.0
2018 3.7 6.4
2019 3.7 6.2
2020 3.8 6.6
2021 4.3 6.3
2022 4.1 6.7
2023 3.9 6.6

Source: Public Plans Database and Census of Governments.

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